Rochester MN Residential Real Estate Conditions (March 10-16, 2008)

The Rochester, Minnesota area housing market had 87 new residential listings last week (March 10 to 16, 2008) with an average list price of $202,287. Eleven residential properties came back onto the market with an average list price of $235,590 and average market time of 261 days.

There were 44 homes going under contract (to pending) last week; average list price for these properties was $186,734. At 89 days, the average time on the market from listing to pending was about three months.

Last week 8 homes closed in Rochester. At $137,401, the average sold price was 97.1 percent of the average list price ($141,499). These homes had an average of 81 days on the market.

Ten listings expired, nine canceled and 7 were withdrawn.

There are currently 1,141 homes for sale in Rochester, Minn with an average list price of $234,517 and average market time of 165 days.